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House Hasn’t Sold Yet? Take Another Look at the Price

The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings are actually selling above listing price. What about your house?

If your house hasn’t sold, it is probably the price.

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Baby Boomers Finding Freedom In Retirement

Within the next five years, Baby Boomers are projected to have the largest household growth of any other generation during that same time period, according to the Joint Center for Housing Studies of Harvard. Let’s take a look at why…
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The Difference An Hour Can Make [INFOGRAPHIC]

The Difference an Hour Can Make [INFOGRAPHIC] | Simplifying The Market

Every Hour in the US Housing Market: 

  • 634 Homes Sell
  • 347 Homes Regain Positive Equity
  • Median Home Values Go Up $1.46
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Picking a Real Estate Agent through Facebook

According to a joint study released by Google and the National Association of Realtors, 2 of 3 people searching for a prospective real estate professional research them “extensively online prior to working with them". And, that number is probably increasing every day.
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Where Will Home Prices Be Next Year? [INFOGRAPHIC]

Where Will Home Prices Be Next Year? [INFOGRAPHIC] | Simplifying The Market

Some interesting facts:

  • 25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year.
  • 25 state and the District of Columbia are forecasted to experience a slow in appreciation.
  • All 50 states & D.C. are forecasted to achieve some level of positive price appreciation.

Even though each state is appreciating at different levels, you need to know the Cost of Waiting until next year to buy your dream home!

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New Home Sales Surge

According to the latest report from the US Census Bureau and the Department of Housing and Urban Development, newly constructed home sales jumped 5.7% month-over-month and 21.6% year-over-year to an annual pace of 552,000. Many buyers are looking to the new homes market to make up for the lack of existing home sales inventory. National Association of Home Builders Chief Economist David Crowe explains:
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Pending Home Sales Remain Steady

The National Association of REALTORS’ just released the results of their latest Pending Home Sales Index, which showed a small 1.4% decline in signed contracts in August. Pending sales remain strong year-over-year as they were 6.1% higher than August ’14 and have now risen for 12 consecutive months. 

What is the Pending Home Sales Index (PHSI)?

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Home Equity: You May Have More Than You Think

CoreLogic recently released their 2015 2nd Quarter Equity Report which revealed that 759,000 properties had regained equity in the last quarter. That means that 91% of all mortgaged properties (approximately 45.9 million) are now in a positive equity position. Anand Nallathambi, president and CEO of CoreLogic, reported:
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Sales Up In (Almost) Every Price Range!

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.
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#1 Reason to List Your House Today

If you are debating listing your house for sale this year or even early next year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes For Sale

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How Quickly Are Homes Selling In Your State? [INFOGRAPHIC]

How Quickly Are Homes Selling In Your State? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The National Association of REALTORS® surveyed their members for their Confidence Index
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than 60 days in 39 out of 50 states and Washington D.C.
  • Only Vermont had a median sold date longer than 90 days.
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Is it Time to Downsize your Home?

A recent study by Edelman Berland revealed that of homeowners who are contemplating selling their house in the near future 33% plan to scale down. Let’s look at a few reasons why that would make sense to many Americans.
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Thinking of Selling? 5 Reasons You Shouldn't For Sale By Owner

In today's market, with homes selling quickly and prices rising some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers.
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Existing Home Sales Slow Amongst Tight Inventory [INFOGRAPHIC]

Existing Home Sales Slow Amongst Tight Inventory [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing Home Sales slowed down slightly in August but remained 6.2% higher than August 2014.
  • Inventory levels remain below the 6 months necessary for a normal market at a 5.2-month supply.
  • First Time Buyers rebounded in August to make up 32% of sales, matching a 2015 high.
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How Much Must You Trust Your Listing Agent?

You and your family have decided to sell your house. It is now time to choose a real estate professional to help with the process. One of the major attributes this agent must possess is trustworthiness. To what degree do you need to trust them?
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3 Graphs That Scream List Your House Today!

In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

Over 23% Thinking of Selling. Why the Hesitation?

Last month, the National Association of Realtors (NAR) reported that housing inventory was down 4.7% from the same time last year and that the month’s inventory of homes for sale stood at 4.8 - far below the six months necessary for a normal housing market. Why is there such a shortage of inventory?
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Economic Impact of Every Home Sold [INFOGRAPHIC]

Economic Impact of Every Home Sold [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Every time a home is sold, the surrounding economy feels a boost.
  • Different industries and businesses benefit at each stage of the process of moving into a home!
  • Hawaii leads the way with a $177,000 boost to the local economy.
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Most Experts Agree: There is No Housing Bubble

There is no doubt that home prices in the vast majority of housing markets across the country are continuing to increase on a month over month basis. The following map (based on data from the latest CoreLogic pricing report) reveals the appreciation level by state:
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Rebuilding America One Home At A Time

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A+ Reasons to Hire A Real Estate Professional [INFOGRAPHIC]

A+ Reasons To Hire A Real Estate Professional [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Hiring a Real Estate Professional to buy your dream home, or sell your current house is one of the most 'educated' decisions you can make!
  • A Real Estate Professional has the experience needed to help you through the entire process.
  • Make sure that you hire someone who knows current market conditions & can simply & effectively explain them to you & your family!
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Home Prices Rising! Appraisers say WHOA!

Each month, Quicken Loans releases their national Home Price Perception Index (HPPI). This month’s report revealed that the difference in appraiser home value opinions as compared to homeowner estimates is continuing to increase. Chief Economist Bob Walters explains: "Many homeowners around the country are seeing the national headlines about home value increases and they are optimistic about their equity increasing. While some areas are seeing the same level of home appreciation, or even more, there are also some areas that have slower home value increases. This can lead to homeowners and appraisers not quite seeing eye-to-eye.”
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15,315 Houses Sold Yesterday! Did Yours?

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.

After all 15,315 houses sold yesterday, 15,315 will sell today and 15,315 will sell tomorrow.

15,315!

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NAR'S Latest Existing Home Sales Report [INFOGRAPHIC]

NAR'S Latest Existing Home Sales Report [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing Home Sales are up 10.3% year-over-year across the country.
  • Sales rose to an annual rate of 5.59 million marking the 10th month in a row of year-over-year gains
  • Prices are up 5.6% year-over-year in the U.S. to a median price of $234,000
  • Marked the 41st consecutive month of year-over year price gains.
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52% Likely to Buy in the Next 5 Years!! Are You?

According to the recently released BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also had other interesting revelations.